Mr Borodick you need more than a few farmed newbie accounts to convince us to invest in your ICO. Here is the thing that bothers me the most.What are you selling to us other than tokens? why do you have them all in the first place? who gave you the rights to claim ownership of all the tokens? bitcoin never offered in ICO and is a POW blockchain, so why do you compare your token with bitcoin?If people couldn't mine this then how are you going to maintain the blockchain? ETH has miners providing the computational resources. bitcoin has miners hashing to find new blocks, universa has jack squad to run the network.

Wow! This seems like an absolutely marvelous project!The whitepaper is a bit short, and there are a few inconsistencies, but I catch your drift. If you guys will make this happen, and I believe you will, this is some next-gen stuff happening right under our noses.

I'd love to translate for this project, ANN, WP, Website, whatever you want to throw at me (to Dutch) - really eager to become an ever so small part of this (I'd happily share my translation portfolio with you, but I don't want to clutter this ANN in my excitement, it's not a bounty thread after all).

I think the project is impressive, but the duration of ICO from presale to ICO round 2 is very long, and it will be boring. although it sure will be many investors who have the opportunity to join in UNIVERSA.

Mr Borodick you need more than a few farmed newbie accounts to convince us to invest in your ICO. Here is the thing that bothers me the most.What are you selling to us other than tokens? why do you have them all in the first place? who gave you the rights to claim ownership of all the tokens? bitcoin never offered in ICO and is a POW blockchain, so why do you compare your token with bitcoin?If people couldn't mine this then how are you going to maintain the blockchain? ETH has miners providing the computational resources. bitcoin has miners hashing to find new blocks, universa has jack squad to run the network.

The article is about technical protocol frameworks both for Ethereum and for Bitcoin. Universa is the protocol which helps faster and cheaper to work with token contracts. Universa doesn`t have its own mining and cryptomoney. The universa's token is a transaction element in the system. Using the Universa each participant would be able to make cryptomoney either corporate or private and to form rules of its usage.

I don't understand how Universa differs from any other smart contract project out there, faster transaction and lower fees are nothing new. Would like to have more info to have a better understanding on the project....

I don't understand how Universa differs from any other smart contract project out there, faster transaction and lower fees are nothing new. Would like to have more info to have a better understanding on the project....

As I see it, the main point here is that transactions are not just "faster" they are claimed to be uber fast; and fees are not just lower, but there are supposed to be almost no fees. But I agree with you, I would also like to get more info on Universa

Universa consensus is two level decision to approve some smartcontract state, e.g. creation and/or state change, or removal. The two level procedure ensures that:

- Parties involved have checked the contract and found it OK

- The network has checked the parties agreement, the contract rules and permissions and found it OK

After the second stage the contract is either stamped and approved by the network consensus (explained below), or rejected.

LEVEL1: LOCAL CONSENSUS

This is a state when all parties related to the new contract state approve it my digitally signing it’s new state.

Universa parties are by default completely anonymous holders of the private keys, whose public key are mentioned in the contract. In the simplest case it’s a party who creates a new contract, or current contract owner. The contracts could be really complex and require many parties to confirm some sort of changes, in this cases all related parties must sign the new state with their private keys. When all required signatures are added to the contract, it is the local consensus.

LEVEL2: NETWORK CONSENSUS

Once the local consensus is found, the contract is being sent to the universa network for the approval. Every node of the network receives the copy and perform a thorough check of its logic, restrictions, permissions, signatures and state of referred contracts. Then each node publish its local decision: either positive or negative, and inform the network about it.

In the case 11% of nodes will make negative decision, the negative consensus, the voting will be cancelled and all nodes will write down in the ledger the rejection of the contract’s state.

Otherwise, as soon as 90% of the nodes will make positive decision, the positive consensus, all the nodes will write to their ledgers the approval of the new contract’s state.

Each node has it’s own copy of the Ledger and stamps the time when new contract state was presented for approval.